How Large Metropolises are Becoming a Hub for Coworking Spaces?

1. How Large Metropolises are Becoming a Hub for Coworking Spaces? Necessity is the mother of invention. Even businesses, start-ups and entrepreneurs tend to utilize available resources in the best possible way. This has led to the creation of the coworking spaces. Coworking Offices and their Growth in Metropolitan Cities A coworking office is a shared workspace where individuals from different backgrounds work in a common space and share the amenities offered by the serviced office for productive output. Along with the benefit of working under one common roof, coworking offices also serve as a platform to interact with like-minded professionals and widen your network. Coworking space in Colombo Coworking space in Colombo Coworking offices are also known as shared offices or business centres. In a broader view, the features of a business centre and coworking space are almost similar. However, there are some dissimilarities between the two. A business centre is equipped with personal suites and offers private workspace to individuals for a focused working experience while a coworking space usually has a common office space inhabited by individuals from different enterprises and start-ups. For instance, The Executive Centre (TEC) is a world-class, exquisite business centre offering unmatched services and amenities to meet your business needs. It’s serviced offices such as the coworking office space in Colombo that offers a private workspace with high-end amenities for businesses to meet their goals.

2. Coworking spaces in recent years have exploded in popularity. One of the main reasons behind their growth is their affordability and the amenities offered for seamless flow of operations. For example, The Executive Centre’scoworking space in Colombo is a high-standard modern workspace equipped with top-notch amenities to scale up your business. With many start-ups and entrepreneurs coming forward to set up their business in the urban- centric areas, co-working offices are serving as an ideal place for them to build their empire through a flexible approach at work. There were 2600 coworking spaces in the year 2017 and by the year 2022, the figure is estimated to almost double to more than 49,500. The concept of coworking spaces as a favourable and cost-effective solution is quickly gaining popularity among small enterprises and the start-up community. Moreover, the demand for these coworking office spaces is expected to increase in the coming days as the cost of traditional office space continues to rise in metropolitan cities worldwide. Despite increasing rent for traditional office spaces globally, The Executive Centre offers affordable office space for rent in Colombo for an entrepreneur looking forward to setting up his business in the city. Coworking offices are not just becoming a centre of attraction for start-ups but also for large corporations looking for creativity and positive office environment to expand their business. This has led large firms to shift their operations to coworking spaces. Apart from a productive environment, coworking spaces also occupy distinguished locations thus, making them a perfect fit for those who wish to work in urban areas. For an entrepreneur building his start-up, it is not possible to spend a huge amount on renting an office space. Traditional office spaces usually come with long-term leases that involve hidden costs hence, they cannot be taken into account. Therefore, for someone who wishes to be the next-gen business champion in a developed city like Colombo, an effective step would be first to occupy a coworking office space on rent in Colombo. It gives an opportunity to the entrepreneurs, start-ups, and freelancers to pay on a monthly or daily basis and terminate the contract as per their business needs. Moreover, it also helps them create a great first impression on their clients by holding meetings in lavish and professional conference rooms. According to a recent survey, it has been found that most millennials in metropolitan cities are more inclined towards working in a fun and creative environment rather than going for the conventional offices. Researches show that members of a coworking space experience a boost of 71% in creativity and 62% in the standard and quality of work. With a sudden rise in the popularity of the coworking spaces, it wouldn’t be wrong to say that what emerged as a western phenomenon has now marked its footprint in the world by transforming top metropolitan cities into coworking hubs.